Working Student In Credit Risk Method & Parameters Starting August 2023

Stuttgart, Baden-Württemberg, Germany

Job Description

\n Life is always about becoming\xe2\x80\xa6 Becoming means going on a journey to be the best version of our future selves. While we discover new things, we will face challenges, master them and grow beyond our individual limits. Apply for a job at Mercedes-Benz and find your individual role and workspace to unleash your talents to the fullest. Empowered by visionary colleagues who share the same pioneering spirit. Joining us means becoming part of a global team that aims to build the most desirable cars in the world. Together for excellence.

Job-ID: MER0002PQP

Mercedes-Benz Mobility AG at a Glance

In addition to Mercedes-Benz AG, Mercedes-Benz Mobility AG is one of the two business divisions of Mercedes-Benz Group AG. It has about 10.000 employees worldwide and specializes in financial and mobility solutions. As a financial services provider, the business division supports the sales of the Mercedes-Benz Group\'s automotive brands worldwide. In Germany, Mercedes-Benz Bank AG, part of the Mercedes-Benz Mobility division, is one of the country\'s leading automotive banks. It provides around one million customers with financial leeway through financing, leasing and rental of vehicles and, in the direct banking business through call-money and fixed-interest-rate accounts. Mercedes-Benz Bank also brokers insurance policies and credit cards. Through its subsidiary Athlon, Mercedes-Benz Mobility is represented in the commercial fleet management segment as well as in vehicle leasing in Europe. The company manages more than 400,000 vehicles in total. As a strategic investor, Mercedes-Benz Mobility also participates in the business potential of digital mobility solutions through its holdings.

The department Risk Analytics, Provisioning & Steering at Mercedes-Benz Mobility Headquarters provides and maintains standardized methods for credit risk reserve setting in accordance with IFRS 9 and is also responsible for the monthly calculation of credit risk reserves, for risk steering and reporting for the global Mercedes-Benz Mobility entities.

Our Team Credit Provisioning Methods and Parameters takes care for the following tasks:
  • Being responsible that MBM\'s balance sheet position for credit risk reserves is based on adequate IFRS 9 parameters and method
  • The calibration and validation of IFRS 9 parameters and seeking the required approval by respective stakeholders/committees
  • Being the owner of the IFRS 9 method at MBM; in particular taking care for required adjustments based on regulatory requirements or due to new business requirements
  • Assuring compliance of IFRS 9 credit risk modeling and supporting regulatory audits
  • Coordinate simulation activities
Lead and support in investigating, managing, resolving and responding to ad hoc requests
  • Your tasks as a working student will be:
  • You support during the calibration and validation of the applied statistical models with respect to method related topics and issues
  • You support the development and rollout of an application for advanced simulation and forecasting
  • You are responsible for tasks with focus on the implementation and application of new methods to further improve our calibration and validation processes
  • You develop and test SAS, VBA or Power BI based tools
  • You are a student of Business Mathematics, Business Informatics, Mathematics, Business Administration (preferred with a focus on quantitative methods), or comparable education
  • You are motivated to utilize your analytical, statistical and conceptual competencies, you enjoy working with big volume of data
  • Knowlegde about the International Financial Reporting Standards (IFRS) with focus on risk reserve calculation is benefical
  • You gained know-how in MS Office, experience in VBA programming, SAS or Power BI is beneficial
  • As you are motivated to work in an international and multicultural team, you master English in speaking and writing, German languages skills are beneficial
  • Strong ability to work independently, responsibly and self-driven, strong communication skills
Additional information:

It doesn\'t work completely without formalities. When sending your online application, please attach your CV, certificate of enrollment, current performance record, relevant certificates, if applicable proof of mandatory internship and the standard period of study (max. 5 MB) and mark your application documents as "relevant for this application" in the online form.

Please find the criteria of employment "here".

Citizens of countries outside the European Trade Union please send, if applicable, your residence / work permit.

We particularly welcome online applications from candidates with disabilities or similar impairments in direct response to this job advertisement. If you have any questions, you can contact the local disability officer once you have submitted your application form, who will gladly assist you in the onward application process:

sbv-@mercedes-benz.com

Please understand that we no longer accept paper applications and that there is no right to get your documents returned.

If you have any questions regarding the application process, please contact HR Services by e-mail at hrservices@mercedes-benz.com or the "Chat-Bot" on our career page via the speech bubble symbol at the bottom right.\n \n \n \n \n \n

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Job Detail

  • Job Id
    JD3101656
  • Industry
    Not mentioned
  • Total Positions
    1
  • Job Type:
    Full Time
  • Salary:
    Not mentioned
  • Employment Status
    Permanent
  • Job Location
    Stuttgart, Baden-Württemberg, Germany
  • Education
    Not mentioned